Range bound action | stockbee

6/13/2012

Range bound action

A range is forming here. This action is very similar to last year where market spent couple of months in volatile range before a catalyst precipitated a rally.


Range bound action like that can lead to death by thousand cuts. Breakouts and breakdowns fail and shakes you out of position frequently. For swing traders it can be account killer. 

Eventually the range will resolve in a big move in either direction.  

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